(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 28, 2025 (GLOBE NEWSWIRE) -- The "Convenience Store Market Report by Type, Product, Distribution Channel, Countries and Company Analysis, 2025-2033" has been added to ResearchAndMarkets's offering.
The Convenience Store Market is expected to grow greatly, expanding to US$ 1.40 trillion by 2033 from US$ 801.23 billion in 2024. This growth indicates a growing consumer desire for speedy, convenient shopping habits, fueled by hectic lifestyles and the need for grab-and-go products. With a forecasted compound annual growth rate (CAGR) of 6.45% between 2025 and 2033, the development of the market holds new opportunities and innovations in retailing.

Growth Drivers in the Convenience Store Market

Increasing Urbanization and Busy Consumer Lives

Convenience store market growth is directly associated with increasing urbanization and evolving consumer lifestyles. With longer working hours and busier routines, consumers prefer nearby stores offering quick access to groceries, snacks, and daily essentials. Convenience stores cater to the need for immediate purchases without long checkout lines or travel to large supermarkets. Their extended operating hours, including 24/7 availability in some locations, further enhance accessibility.

As urban populations expand and consumers increasingly look for time-saving shopping, convenience stores are a vital component of today's retail infrastructure. Over half the world's population (56.2 percent) currently reside in urban areas, most notably in Latin America and the Caribbean, with over 80 percent classified as urban. The United Nations anticipates that this urbanization will further grow, with 68 percent of the world population likely to be urbanized by the year 2050.

Ready-to-Eat and Fresh Expansion

Convenience stores are increasingly favored by consumers owing to their changing product portfolio, particularly the addition of ready-to-eat meals, fresh foods, and healthful snacks.

The move towards on-the-go consumption, fueled by working professionals and younger consumers, has seen sales of fresh sandwiches, meal kits, salads, and drinks increase. To match consumer demand, retailers are offering healthier and premium options as well. Convenience stores are attracting a larger customer base by moving beyond packaged products and expanding their offerings. This emphasis on food innovation makes them a strong competitor to quick-service restaurants and supermarkets. June 2025: Red Planet has launched ready-to-eat foods with an impressive 25-year shelf life, utilizing freeze-drying technology to preserve taste and nutritional value, for serving key sectors.

Technological Integration and Digital Payments

Technology adoption is a main driver of convenience store expansion. Digital payments, self-checkout points, and loyalty mobile apps improve shopping efficiency and customer experience. Most retailers are already incorporating mobile ordering, curbside pickup, and delivery services, especially following the COVID-19 pandemic, to cater to changing consumer demands. Data analytics also allow retailers to tailor promotions and manage inventories more efficiently. Such innovations not only appeal to digitally aware customers but also enable efficient operations.

With consumers increasingly turning digital-first for shopping, convenience stores using technology will further establish competitive edges in the retail space. August 2024: RBI Governor made the announcement of NPCI launching two new products during the Global Fintech Festival 2024: Bharat BillPay (BBPS) for Business, making B2B transactions easy between different ERPs, and UPI Circle, enabling delegate payments. These products are designed to enhance inclusivity, security, and efficiency in India's digital payments ecosystem.

Issues in the Convenience Store Market

Ferocious Competition due to Contemporary Retail Forms

Convenience stores are hard-pressed to compete with supermarkets, hypermarkets, and digital-based grocery platforms that sell wider product ranges at affordable prices. Traditional retailers enjoy economies of scale that allow lower prices, which smaller outlets cannot match. On top of that, e-commerce giants offer home delivery, making customers abandon brick-and-mortar convenience outlets. To compete, convenience stores need to differentiate based on location convenience, personal services, and focused product ranges. The presence of both online and offline retailing giants poses an ongoing challenge to sustainable development in the market.

Increasing Operational Expenses and Supply Chain Disturbances

Another major issue for convenience stores is juggling high operational expenses such as rent, power, and labor, particularly in urban regions. Supply chain disturbances - amplified by global events - also influence product availability and prices. Smaller convenience store owners tend not to have the same negotiating muscle as large retailers, resulting in higher costs of procurement and lower profit margins. Sustaining stable inventory and low prices while maintaining profitability is a balancing act. Without careful partnerships and effective logistics, convenience stores stand to lose competitiveness versus bigger and more powerful retail players.

Key Attributes

Report Attribute	Details
No. of Pages	200
Forecast Period	2024-2033
Estimated Market Value (USD) in 2024	$801.23 Billion
Forecasted Market Value (USD) by 2033	$1.40 Trillion
Compound Annual Growth Rate	6.4%
Regions Covered	Global

Key Topics Covered
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Convenience Store Market
5.1 Historical Market Trends
5.2 Market Forecast
6. Market Share Analysis
6.1 By Type
6.2 By Product
6.3 By Distribution Channel
6.4 By Countries

7. Type
7.1 Raw Food
7.2 Canned Food
7.3 Frozen Food
7.4 Ready-to-Eat
7.5 Ready-to-Cook
7.6 Others

8. Product
8.1 Meat/Poultry Products
8.2 Cereal-based Products
8.3 Vegetable-based Products
8.4 Others

9. Distribution Channel
9.1 Supermarkets and Hypermarkets
9.2 Convenience Stores
9.3 Speciality Stores
9.4 Others

10. Countries
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East & Africa

11. Value Chain Analysis

12. Porter's Five Forces Analysis
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Competition
12.4 Threat of New Entrants
12.5 Threat of Substitutes

13. SWOT Analysis
13.1 Strength
13.2 Weakness
13.3 Opportunity
13.4 Threats

14. Pricing Benchmark Analysis
14.1 Ajinomoto Co., Inc.
14.2 Amy's Kitchen, Inc.
14.3 Cargill, Incorporated
14.4 Conagra Brands, Inc.
14.5 General Mills, Inc.
14.6 Mccain Foods India Private Limited (McCain Foods Limited)
14.7 MTR Foods Pvt. Ltd. (Orkla ASA)
14.8 Nestle SA
14.9 Tyson Foods Inc.

15. Key Players Analysis
15.1 Ajinomoto Co., Inc.
15.2 Amy's Kitchen, Inc.
15.3 Cargill, Incorporated
15.4 Conagra Brands, Inc.
15.5 General Mills, Inc.
15.6 Mccain Foods India Private Limited (McCain Foods Limited)
15.7 MTR Foods Pvt. Ltd. (Orkla ASA)
15.8 Nestle SA
15.9 Tyson Foods Inc.

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• Convenience Store Market

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